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Work & Employment
Term | Definition |
---|---|
employment | getting paid for work one does is employment |
work | any activity carried out that involves effort but no payment |
unemployment | people who want to work for payment but are unable to find suitable employment |
gross pay | amount earned before deductions |
statutory deductions | these deductions have to be paid |
paye | pay as you earn |
vhi | voluntary health insurance |
Labour Force | all those people available to work, it does not include those in education, retired or those who do not work outside of the home |
non statutory deductions | these are voluntary deductions do not have to be paid |